Take-Two stock falls as company says leaked ‘Grand Theft Auto’ footage the result of ‘network intrusion’

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After leaked footage said to be from a forthcoming “Grand Theft Auto” game appeared online over the weekend, Take-Two Interactive Software Inc. TTWO, -0.62% said in a filing with the Securities and Exchange Commission Monday morning that the actions were a result of an intrusion into its network. Rockstar Games, the “Grand Theft Auto” publisher that’s part of Take-Two, “experienced a network intrusion in which an unauthorized third party illegally accessed and downloaded confidential information from its systems, including early development footage for the next Grand Theft Auto,” per the filing. Take-Two added that the company has “taken steps to isolate and contain this incident” and that it didn’t expect the issue to impact current Rockstar Games services. Rockstar also doesn’t anticipate that the incident will have “any long-term effect on its development timelines.” Take-Two shares were off more than 2% in Monday’s trading. The stock has lost 20% over the past 12 months as the S&P 500 SPX, -0.16% has declined 13%.

This article was originally published by Marketwatch.com. Read the original article here.

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